I had a 2x Teleconverter. It was a Jessops own brand - decent enough but not the best. When i upgraded my lenses to "L" quality and my camera went from film to digital Rebel, 20D and now 5D i found that the teleconverter was by far the cheapest piece of glass in my kit.
In general your shots are only as good as the cheapest item you use so i figured that having all the expensive gear and then using the tc was pointless. so i sold it.
It depends on the gear you have and your budget as to whether it's useful. For me and my type of shooting i rarely used it and don't miss it. But others would.
As for aperture and shutter speed - the aperture is set by your lens capabilities not the tc. However the shutter speed is affected because the tc reduces the light getting to the sensor so the shutter speed drops by a stop or two. Fast lenses are an advantage but you're then getting towards the situation i was in with expensive gear and something cheap in the equation.
Autofocus is affected too. If your aperture is wider than around f4 autofocus is fine but less than that and the autofocus will not work. I stand to be corrected on the f4 part but it's around there somewhere, maybe f3.5
They're worth the money in comparison to the cost of buying a longer lens. but if you have really expensive bodies and lenses then it wold be wise to buy a top of the range tc otherwise the quality of your lenses and body will be affected by the cheap tc in the middle